LL&E Royalty Trust (fka LRTR)

[LLnEorBust]

No, the only thing of value at LL&E is proceeds from the settlement. The last damage model from Saul Solomon (expert witness for the trust) was in the $95 million range, including future cash flow. My gut says Maverick settled for something in the $25-40 million range.

I'll say $8 million to John Kim / experts / costs of 8 years of litigation

Then Mehta is going to take a chunk for all the money he spent pursuing it as Trustee (remember, it's not the Trustee's responsibility to enforce the contract, it was Conoco's--so he has a right to charge LL&E for his costs). Call that another $5mm.

Still plenty left over given only a tiny fraction of unitowners--probably just us on this forum--even know they own units / follow the lawsuit / know it settled. It was delisted from the pink sheets a while ago, there's no disclosure requirement. But anyone who owned units still does.